Investous is a recently established broker specializing in CFDs since 2018. Recently they have forayed into the cryptocurrency space, and already have a wide offering in addition to the forex, indices, stocks, and commodities they are already specialized in.
With cryptocurrency trading there are 2 key questions that need to be answered before putting your money in:
- Is it a scam?
- Will I be able to easily withdraw my money?
After that, it comes down to making sure the spreads are affordable and don’t cost too much of your margins as a trader.
We have reviewed Investous in depth, and although they have less historical data available compared to most brokers, we believe that the new asset offerings make it an appealing broker for cryptocurrency traders. Read on to find out more about their platform, fees, and reputation.
Created in 2018 and based in Cyprus, Investous offers over 270 different assets for CFD trading. They are owned by FI Markets Limited, which is an investment firm also based in Cyprus.
As a young company that was only started in December 2018, Investous is making a push into several new markets, which is why they have gone after the cryptocurrency trading market so quickly. Their offerings in terms of cryptocurrencies are considered broad for a CFD trading brokerage, and the education and demo account aspects of the platform make it appealing for beginners.
- Founded: 2018
- Headquarters: Kolonakiu Avenue 43, shop No: 2B, Agios Athanasios, 4103 Limassol, Cyprus
- Languages: English, Dutch, Italian, German, Spanish
Investous advantages & disadvantages
- Over 270 different assets
- 1:500 leverage
- Lots of cryptocurrency pairs available
- CySEC regulated
- Strong education aspect
- High spreads on cryptocurrencies
- 3.5% withdrawal fee is quite high
- Relatively new broker
How to Sign Up with Investous – Step by Step
Step 1 – You will first need to sign up using the following link – Investous Sign Up
Step 2 – Enter your details into the relevant fields
Step 3 – Click the deposit button, and then decide what payment method you want to deposit using (paypal, credit card etc)
Step 4 – Once your account is funded, you can now start trading cryptocurrencies plus a variety of other assets including forex, commodities etc.
The Trading Platform
For users who have engaged on CFD platforms before, Investous shouldn’t present any issues. The dashboard below shows how the asset types, current performance, and recent trades are all shown in a very intuitive manner.
The range of indicators and technical analysis tools present on Investous is strong compared to most CFD platforms, so users will be satisfied with that aspect. However, the order functionality isn’t nearly as easy to figure out and will require some adjustment.
For the more advanced traders, you will be excited to hear that Investous offers MT4 functionality. This interoperable software allows for much more advanced trading analytics and charting tools, as well as the use of trading algorithms.
Minimum Deposit: £250
US Clients ❌
Free Demo Account ✔️
Trading Platform: MT4, Mobile Trading Platform, Mobile App
Number of Assets: 240
Types of Assets: Forex, Cryptocurrencies, Indices, Commodities, Stocks
Regulation & Safety
Investous is fully regulated across Europe under the Cyprus Securities Exchanges Commission (CySEC). The current regulations allow them to offer their services to traders in European countries as well as several international counties.
Being regulated by CySEC also means that Investous must meet certain standards for client protections and capital support. This means they are required to keep a certain amount of cash on hand to satisfy client demands, keep regular financial statements, and hold and investor compensation fund in case of bankruptcy.
Naturally, some traders are worried when an exchange has been established as recently as December 2018, but Investous is not a scam. All investors should do their due diligence into whatever trading platform they decide to put their money into, but once you understand the Investous platform and its rules, you shouldn’t have trouble using it. Alternative Cryptocurrency Brokers.
There are no commissions charged on each trade, however the spreads are where Investous makes its money. At the time of publishing, the spread on Bitcoin was 7,200 points, which ends up being $72 on an asset that is floating around the $4,000 range right now. That represents an implied fee of almost 2%, which is quite high compared to the market and is meant to compensate the platform for the larger degree of leverage (1:500) available.
Deposit and withdrawal fees are detailed below in the payment methods section, but they are considered to be quite reasonable for the platform. Please note that under the Platinum and Diamond accounts, withdrawal fees are waived.
Payment Methods – Deposits / Withdrawals
There are 4 main ways to transfer money onto the Investous platform: credit cards, debit cards, Skrill, and wire transfers. The general processing time for non-card payments (deposits and withdrawals) is 2-3 days, and a withdrawal fee of 3-5% is applied to credit cards.
Additionally, it is important to note that although you can make deposits and trade without completing identification verification, KYC and AML regulations must be satisfied before you may withdraw any funds.
Cryptocurrency enthusiasts will be crestfallen to hear that Investous is a fiat-only brokerage, and it is impossible to fund with crypto. $250 or €250 is the minimum deposit required for users, although the value may vary based on your account type.
These days, one of the most important things for traders is knowing they are going to have easy access to customer support, should they have a problem. Investous seems to be strongly aware of that and hasn’t fallen into the rookie error of skimping on customer service costs.
The chat option is the fastest way to get a hold of support, and Investous seems quite responsive in this regard. In addition, there is a contact form, email, and phone number to answer all the questions you can’t resolve using the FAQ.
- Telephone ✔️
- Email ✔️
- Live Chat ✔️
As of the time of publishing, Investous provides a wide variety of cryptocurrency pairs. Bitcoin, Litecoin, Ethereum, Ethereum Classic, Dash, and Ripple are all available paired with EUR, GBP, and USD. In addition, Monero and Bitcoin Gold are paired with USD.
Contracts are available in quantities of 100 of the coin in questions, but that can prove to be too significant a risk for some traders, so “mini” contracts are available for 1 of the underlying coin.
A demo account is available for traders new to the platform to play around with $100,000 using a live feed and real pricing. This is simple to do and will give traders the feel necessary to get comfortable with the platform. Where this can also be useful is if you have a real account and would like to test a new strategy without risking your own money.
There are 4 types of trading accounts which vary based upon the trader’s needs. The account types and their features are shown below.
Investous has a strong education component to it, and depending on your account type, you will get more explanations of risk management and trading strategies along the way. The “Education Centre” provides daily market update videos, overviews of general trading principles, and teaches you about the economic calendar. The economic calendar is a great value-add, because it gives a real-time update on economic news and helps traders know ahead of time when events are going to occur that affect market volatility. Users can also benefit from the live chat feature which enables them to exchange ideas with other professionals.
Registration is quick and easy to do. Just fill out the contact form (shown below) and send your money to the platform. It is in the broker’s best interest to facilitate your onboarding to the platform in the simplest way possible. More Cryptocurrency Brokers.
Conclusion: Is Investous a good place to buy cryptocurrencies?
Investous is different from many cryptocurrency exchanges in two respects: the offering of assets is much broader than pure cryptocurrencies, and it offers CFDs. More Cryptocurrency Brokers.
Having equities, indices, commodities, and forex available in addition to the cryptocurrencies makes it a great one-stop shop for traders who are just entering the space. And CFDs are a great way for traders with less access to capital to make highly leveraged bets based on the shifts in asset prices.
Investous has a strong offering in terms of its technical functionality, MT4 integration, and high degree of regulation. The broad cryptocurrency offering and high degree of leverage (1:500) makes it a great choice for crypto traders who want to try something a little different. Finally, the $250 or €250 minimum deposit and demo trading account make it easy for new traders to get started with the platform.
There is a constant worry about exchanges being scams, and Investous may initially set off alarm bells in potential heads, but there is a perfectly legitimate explanation for this: the brokerage was only established in December of 2018. It is natural for them to go through growing pains, and it hasn’t affected the quality of their offering.
For these reasons and many more, we recommend you start up a demo account with Investous today. This will give a good feel for the platform that will naturally evolve into you using real money on the platform. In addition, we would recommend you check out eToro, as this was our winning exchange in 2018. Register with eToro today to get the best deals.